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Fostering entrepreneurship among young people

02 March 2023 | Story Kekeletso Takang | Photo Supplied

EMS Entrepreneurship awards ceremony — The School of Accountancy hosted the award ceremony for attendance of the event in the Centenary Complex on the Bloemfontein Campus of the University of the Free State, issuing certificates of completion to the entrepreneurs who were part of the programme in collaboration with the National Youth Development Agency.

Concerns are constantly raised in South Africa that graduates do not have the requisite practical skills when entering the world of work. Along with this, the country grapples with a high youth unemployment rate that is higher than the national average. The University of the Free State (UFS) attempts to bridge this gap.

In partnership with the National Youth Development Agency (NYDA), the UFS School of Accountancy (SOA) recently held a training programme for approximately 100 Free State youth in need of entrepreneurial upskilling. The training, aimed at developing entrepreneurial skills among the youth, took place on the Bloemfontein Campus over several sessions.

This comes at a time when the UFS intends to maximise its societal impact with sustainable relationships through its Vision 130.

On 22 February 2023, participants were awarded certificates of attendance at a prestigious event held on the Bloemfontein Campus.z

Addressing the participants at the event, Tumi Dithebe, Regional Manager of the Free State NYDA office, said he was impressed by the high level of commitment displayed by the participants during the training, and hoped that it would extend to how they manage their businesses. “Today, we are gathered here to acknowledge your achievement and to celebrate the partnership with the UFS.”

Meaningful partnerships

“The School of Accountancy has had a working relationship with the SETA for Finance, Accounting, Management Consulting, and Other Financial Services (FASSET) since 2015. FASSET introduced the SOA to the NYDA, which was looking for a public institution to assist with the training of entrepreneurs,” said James Veitch, Senior Officer in the School of Accountancy. “We are in the process of negotiating a mentoring process to extend the influence of the training.”

Entrepreneurship upskilling is a growing need in the business environment. While formal programmes offer hard skills development, training workshops such as this one provides an in-depth practical approach to support young people in mastering day-to-day challenges.

Partnerships with various stakeholders are critical to providing young people with the skills they need to succeed in entrepreneurship. No one institution can do it alone. Initiatives should be sustainable and adaptive to the constantly evolving business environment.

Vusi Peter, one of the participants with an information technology business, said the training has afforded him the opportunity to learn about financial management and business modelling. “Many times, we tend to neglect the management side of things when running a business. This training was a reminder to take care of the basics and to ensure that our businesses comply.”

News Archive

Travel 120 million light years this July holiday

2014-07-07

The first digital planetarium in sub-Saharan Africa – situated on Naval Hill, right here in Bloemfontein – opened on 1 November 2013. The University of the Free State (UFS) is managing this facility.

In view of the July holiday, special family programmes will be hosted on Friday night, 11 July 2014. The programme includes the following shows:

Nanocam
Nanocam (you shrink down to the size of an insect and fly through the eye of a needle) is a microscopic joyride into the five kingdoms of living organisms. The show offers a compelling, educational and funny approach to life that has never been seen like this before.

Fragile Planet
Fragile Planet offers a journey of 120 million light years to rediscover our home. The audience experiences an astronaut’s view of the earth, highlighting earth’s unique regions.

The pre-produced programmes are all in English, but the live presentation and tour through the universe will be alternately in Afrikaans or English.

Tariffs
Adults: R50
Learners, students and pensioners: R30

Buy tickets at
- The planetarium before shows;
- Computicket (at all Checkers, Shoprite, House and Home and Checkers Hyper shops);
Computicket’s enquiry centre (08619158000), or
- Online at www.online.computicket.com (look for ‘planetarium’), for mobile devices go to www.computicket.mobi (look for ‘planetarium’).

For any enquiries, you are welcome to contact Yolandie Loots at FickY@ufs.ac.za or on +27(0)51 401 9751.

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